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Nic Carter: Bitcoin's Patronage System Is a Big Strength

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Nic Carter: Twitter, Trump and the 'Private Company' Fallacy


Updated Jan 14, 2021 at 3:13 p.m. UTC
Twitter, Trump and the ‘Private Company’ Fallacy
In the wake of the coordinated deplatformings of President Trump, his associates and various conservatives from all manner of internet platforms and services, a common line of justification has been that these internet firms are merely “private companies,” and hence free to do whatever they like. Of course, no firms are truly autonomous in the modern state. From COVID-19 to civil rights, how firms can do business, and with whom, is very much a state concern.
But the censorship apologists are right in a narrow sense, at least under our current laws: Firms like Twitter are acting within their rights when they kick someone off. But the “private company” line is worth interrogating. It implies a kind of anarcho-capitalist paradise, where firms are sovereign and the sole masters of their own destinies. ....

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